Business Plan Writer
$425 Flat Rate
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All Purchased Plans
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Business Plan Writer
$425 Flat Rate
No Templates Used
7 Day Turnaround

All Purchased Plans
Are Updated for 2018

Acupuncture Clinic SWOT Analysis

Strengths

The best strength is for an acupuncture clinic is that there are very high educational requirements needed to practice as an acupuncture practitioner in most states. This create a very high barrier to entry among people looking to create a competing business. Additionally, these businesses are relatively immune from negative changes in the economic climate as many people can receive an insurance reimbursements for these services. The gross margins generated from an acupuncture clinic are generally very high. These businesses can also sell items that compliment the services offered by the business.

Weaknesses

Despite educational requirements, the costs related to launching a new acupuncture clinic are low. A small retail space is sufficient to start these businesses. As such, if the business is to be located in a wealthier area then competitive issues with be an ongoing weakness related to an acupuncture clinic. Additionally, for many practitioners, the hours related to operating a clinic are long.

Opportunities

The primary opportunity for expansion is to hire an associate acupuncture practitioner that can drastically increase the billings of the business. Additionally, retiring practitioners often seek to sell their businesses to people that are licensed. As such, another method of expansion is to acquire a practice that is already in operation. This can substantially reduce the risks of establishing a new location from scratch. Of course, another method of expansion is to start a brand new location using an established brand name of an acupuncture clinic.

Threats

One of the foremost threats facing an acupuncture clinic is that there are ever increasing changes to regulations and reimbursements among privately funded healthcare systems. This is an ongoing threat faced by many businesses in the healthcare field. However, there is very little that can be done to ameliorate the risks related to this issues. As such, it is imperative that acupuncture clinics maintain a low operating and overhead infrastructure in order to remain competitive within this market. The other primary threat faced by acupuncturists is that there are ongoing competitive issues faced by these businesses.

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